IGNOU MEC 106 SOLVED ASSIGNMENT 201-22
MEC-106: PUBLIC ECONOMICS SOLVED
ASSIGNMENT 2021-22
Course Code: MEC-106
Assignment Code: MEC-106/AST/2021-22
Maximum Marks: 100
Note: Answer all the questions. While
questions in Section A carry 20 marks each (to be answered in about 500 words
each) those in Section B carry 12 marks each (to be answered in about 300 words
each). In the case of numerical questions word limits do not apply.
Section A
1) Show that
the welfare foundations of economic policies in a competitive market is guided
by Pareto Criterion.
2) Discuss
the ‘spillover effects’ of ‘international policy coordination’ in the context
of fiscal and monetary policies.
Section B
3)
Distinguish between ‘merit goods’ and ‘demerit goods’. Explain briefly why
consumption of merit goods are encouraged and those of demerit goods are
discouraged.
4) Outline
the issues involved in allocating resources for production in public sector.
5) Explain
briefly how the size of public expenditure is determined under the Niskanen’s
‘budget maximisation approach’.
6) Contrast
the nature of ‘fiscal federalism’ as it exists in India with those in some
other countries.
7) Delineate
the two applications of Engel curve.
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